118
118
Feb 8, 2013
02/13
by
MSNBCW
tv
eye 118
favorite 0
quote 0
the debt ceiling was scary as hell. we didn't know what would happen. if the united states stopped honoring its debts even for a day, who knew what would happen to the world financial system. this time if it goes moont, it's not the end of the world but it's big. this is a substantial spending cut in a depressed economy. this is exactly the wrong time to have fiscal austerity of any kind and the defense spending cuts are job destroyers, just like anything else. so not -- this is not what we want to see happen. if it all goes through, it's a pretty significant -- it's enough to push us is certainly into rising unemployment, possibly even back into recession. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the ro
the debt ceiling was scary as hell. we didn't know what would happen. if the united states stopped honoring its debts even for a day, who knew what would happen to the world financial system. this time if it goes moont, it's not the end of the world but it's big. this is a substantial spending cut in a depressed economy. this is exactly the wrong time to have fiscal austerity of any kind and the defense spending cuts are job destroyers, just like anything else. so not -- this is not what we...
143
143
Feb 8, 2013
02/13
by
CNBC
tv
eye 143
favorite 0
quote 0
. >> nobody is worried about this upcoming debate on sequestration, on the debt ceiling. you think that creates noise and disruption. >> i do, maria. i think that you've got a trifecta coming off, you've got the skywest raise and the debt ceiling and the eurozone so there's still a lot of volatility out there, so that's have we're cautiously optimistic. you need to be properly allocated in order to reap the rewards of the greatest capital machine in the world which is our united states stock market. >> thanks, everybody. appreciate your time. >> we'll see you soon in the final stretch of trading. we've got a market that's higher on the dow jones industrial average. >> remember, the dow needs to be up 66 points or there abouts to be positive. don't look now but suddenly apple is up past $475 a share and it's all because big investors have a beef with the board. we'll talk to one major investor who is on apple's side in this battle. >> look outside new york city and our cnbc headquarters. it is bad and it's getting worse. the big worry now, power outages. believe it or not,
. >> nobody is worried about this upcoming debate on sequestration, on the debt ceiling. you think that creates noise and disruption. >> i do, maria. i think that you've got a trifecta coming off, you've got the skywest raise and the debt ceiling and the eurozone so there's still a lot of volatility out there, so that's have we're cautiously optimistic. you need to be properly allocated in order to reap the rewards of the greatest capital machine in the world which is our united...
111
111
Feb 8, 2013
02/13
by
CSPAN2
tv
eye 111
favorite 0
quote 0
so i think the concern about article you should ourselves in the foot, you know, not raise the debt ceiling or not come to an agreement on various things. one of the main things, i am still i think more nervous about europe and some people, precisely because though interest rates are down in some of the most troubled countries, their troubles are still there. so i don't think that's a problem that has gone away. i do think we still have a risk to the economy. unfortunately, that does he is heading off the robust fast recovery. i think 2013 will be better than 2012. i wish i could tell you it will be really, really good because that's what we dashed we need. >> i'm not a forecaster. i don't have a ph.d in economics. i specialize in economic policy. so i tried to be a good consumer of other forecasts. one thing i've learned from that is frankly i don't trust any macro forecast that goes beyond six months. because i don't think anyone is any -- they're just guessing beyond that. i think we probably, at least i would have similar reactions. i am still very concerned about the risk posed by euro
so i think the concern about article you should ourselves in the foot, you know, not raise the debt ceiling or not come to an agreement on various things. one of the main things, i am still i think more nervous about europe and some people, precisely because though interest rates are down in some of the most troubled countries, their troubles are still there. so i don't think that's a problem that has gone away. i do think we still have a risk to the economy. unfortunately, that does he is...